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Porsche plans EV battery cell factory in Germany

BERLIN — Porsche is rushing up its e-mobility travel with options for a German factory...

BERLIN — Porsche is rushing up its e-mobility travel with options for a German factory to manufacture battery cells for electric powered cars, CEO Oliver Blume informed a German newspaper.

“Battery cells are a key technology for Germany’s automobile sector which we should also have in our very own country,” Blume informed the Frankfurter Allgemeine Sonntagszeitung.

Porsche needs to participate in a revolutionary purpose in this,” he reported, introducing that the battery cell factory would be crafted in the Swabian city of Tuebingen.

European automakers are on the lookout to lessen their dependence on Asian suppliers as they ramp up manufacturing of EVs to satisfy more durable environmental rules in the European Union.

Porsche will acquire EV batteries from its parent corporation Volkswagen Group which options to construct 50 % a dozen battery cell plants across Europe.

“But there will also be a section for higher-performance battery cells,” Blume reported. “It is really a Porsche area. Just as we made higher-performance interior combustion engines, we now want to be at the forefront of higher-performance batteries.”

Current battery suppliers are concentrating on volume so that extra specialized requirements this kind of as Porsche’s are slipping to the back of the line, Michael Steiner, Porsche’s enhancement chief, informed Automotive Information Europe earlier this thirty day period.